In this article, the authors explore six quantitative environmental (E), social (S), and governance (G) strategies to provide insights into best practices for ESG portfolio construction. These strategies offer different approaches to the trade-off between desired ESG attributes and investment performance. They conclude that fully understanding the dynamics of these trade-offs will allow investors to select the strategy that best matches their ethical and financial views.

The Opportunity to Learn about Opportunity Zones
by Patrick GeddesAt Aperio, we’ve been asked by many wealth advisors and family offices about our views on opportunity zones (OZs), a tax incentive that allows for deferral and even elimination of some capital gain for taxable investors. In our view, the best way to look at these structures requires incorporating three different angles...

Will Investing in Gender Diversity Make You Rich?
by Lisa GoldbergIf you think that fairness and access to the broadest, deepest pool of talent are good reasons for a firm to promote diversity, you may feel better after aligning your money with your personal values. If you expect a diversity-tilted portfolio to outperform its benchmark...

What are your key responsibilities?As Director of Portfolio Management, I am responsible for overseeing the day-to-day portfolio management, trade execution, and strategy implementation of all investment products and separately managed accounts at Aperio. I am also heavily involved in many of the firm’s quantitative research, process, and automation projects.

Describe your key previous work experience.Prior to joining Aperio, I was a Managing Partner at AlphaStream Capital Management, LLC, where I was responsible for quantitative research and portfolio management. Before AlphaStream, I served as Lead Portfolio Manager and Co-Head of US Quantitative Equity Products at Zurich Scudder Investments.

What is the most interesting aspect of the job to you?The most interesting aspect of my role is the balance between quantitative research and day-to-day portfolio management. Many of our research ideas come from our portfolio management group, and it is always exciting to see those ideas go from research initiatives to being implemented in our portfolio construction process.

Describe some noteworthy projects you have worked on that directly impact Aperio’s clients.In collaboration with our portfolio management research team, we have been working on a research project to incorporate our asset-level transaction cost analysis into our transaction cost modeling. This research will allow us to incorporate our actual trade executions into our transaction cost models, with the goal of improving future trade executions.

What do you like most about working at Aperio?Aperio’s emphasis on cross-departmental projects allows me the opportunity to collaborate with all of the other teams at Aperio. This creates tremendous learning opportunities with respect to the different functions outside portfolio management. I believe that the insights from having these varied perspectives can lead to better investment products and processes.

What are some non-work-related things we should know about you?In my spare time, I enjoy kitesurfing, hiking, and camping, as well as spending time with my two pugs.

What postsecondary degrees and/or professional certifications do you possess?BA in Quantitative Economics from Stanford University and MBA with concentrations in Finance and Econometrics from the University of Chicago.

Aperio Group is an investment adviser registered with the US Securities and Exchange Commission; however, such registration does not imply a certain level of skill or training, and no inference to the contrary should be made. Aperio may transact business or render personalized investment advice only in those states and international jurisdictions where we are registered/have filed notice or are otherwise excluded or exempted from registration requirements. Any communications with prospective clients residing in states or international jurisdictions where Aperio is not registered or licensed shall be limited so as not to trigger registration or licensing requirements. The purpose of this website is to provide information, products, and services and should not be considered as offering investment advice or a recommendation to buy or sell any securities. All investments involve risk, including potential loss of principal invested. Past performance does not guarantee future performance. Individual client accounts may vary. The strategies and/or investments referenced may not be suitable for all investors as the appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. The information provided reflects the views of Aperio as of a particular time and is subject to change at any time without notice.

Aperio is providing this link to a third-party website that displays a research report, article, webcast, video, or other content that we believe may be informational or educational for you. This linked content is presented by a source that we believe to be reliable, but we do not guarantee its accuracy or completeness, including any associated disclosures. Aperio has no control over the nature of the content on, or the availability of, this third-party website.

The inclusion of this link on our website also does not imply a recommendation or endorsement of any views expressed in such linked content and should not be considered: investment, tax, or legal advice; a solicitation; a recommendation of Aperio or any third-party’s services; or an offer to buy or sell any securities or related financial instruments in any jurisdiction.

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